Momentum
Contributor Since 2008
By Jeff Pierce
This is a picture perfect chart setup for the sort of stocks I scan for each night for tradewithZEN. There's one minor flaw that prevented this stock from making my personal list - it's volume. It trades less than 250k shares avg daily volume and this is a personal rule of mine but you may not have that same criteria so I felt it worth pointing out as a potential trade idea.
Strong RSI, Strong ADX, Big Vol on Catalyst = future price appreciation. Keep an eye on this stock and if more volume moves into it over the coming quarters I may revisit this idea.
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